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Money For the Rest of Us

Don't Retire, Settle Instead

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.51.4K Ratings

🗓️ 6 November 2019

⏱️ 28 minutes

🧾️ Download transcript

Summary

How to find your unique work that can bring satisfaction and income before and during the traditional retirement years.

Topics discussed in this episode include:

  • What is settled work.
  • Why you need time and space to find and do your best work.
  • What is a commonplace book and why it can be helpful.
  • How filters and saying no can help us control our time.
  • The important role of serendipity in finding our path.


Thanks to The Great Courses Plus and Vistaprint (use code David50) for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:20] An antique lamp store in Phoenix
  • [3:10] The concept of “Settled Work”
  • [5:30] How do we find our settled work?
  • [7:40] David’s commonplace book
  • [12:15] Why we need settled work
  • [15:00] Take time to reflect
  • [16:05] Take back control of your time
  • [18:00] The art of saying “no”
  • [21:00] Capturing Serendipity

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Money for the rest of us. This is a personal finance show on Money. How it

0:06.3

works, how to invest it and how to live without worrying about it. I'm your host David Stein

0:11.6

today as episode 276. It's titled,

0:15.0

Don't retire, settle instead.

0:19.0

Last Saturday, Laperil and my daughter and I visited a store in Phoenix on Central

0:24.0

Avenue. It's called Stuff Antiques. It's owned by Joe Weaver. The store

0:29.4

sold vintage lights, lamps, and chandeliers, and also some vintage slot machines.

0:36.0

It was absolutely amazing, the variety and the excellent condition of these lights.

0:43.9

Joe said he had been at this store for 24 years.

0:47.4

He owned the building.

0:49.2

He had been in his previous building for over 30 years. I asked you do a fair amount of business

0:55.1

online. He said no I don't do anything online. It's just too much trouble. You

1:00.9

walk around the store and there's signs to just say do not, not do not touch, just do not.

1:08.0

I saw a banker's lamp. These are green shaded desk lamps that you often see in cubicles. I had

1:18.2

one in my cubicle back at my investment advisory firm when I had a cubicle. The original green shaded

1:26.0

banker's lamp was invented in 1999 by American engineer Harrison D McFadden.

1:31.2

He filed a patent that year.

1:33.0

Joe had some of this lamps.

1:35.0

The color of the green, it was just, it was such a better shade of green

1:40.0

than the $40 lamps you can buy on Amazon.

1:44.0

I asked her how much it was.

1:46.0

$875.

...

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